HOUSE PRICES UP BY 4.1% IN THE EURO AREA

April, 10 2017

According to figures published by Eurostat, the statistical office of the European Union, house prices rose by 4.1% in the euro area and by 4.7% in the EU in the fourth quarter of 2016 compared with the same quarter of the previous year. Compared with the third quarter of 2016, house prices rose by 0.8% in both zones in the fourth quarter of 2016. The highest annual increases in house prices in the fourth quarter of 2016 were recorded in the Czech Republic (+11.0%), Hungary (+9.7%) and Lithuania (+9.5%), while prices remained nearly stable in Italy (+0.1%). Compared with the previous quarter, the highest increases were recorded in Malta (+6.0%), the Czech Republic (+4.7%), the Netherlands (+3.2%) and Cyprus (+3.1%) and the largest decreases in Denmark (-1.5%), Croatia (-0.6%) and Belgium (-0.4%).